The dust may be settling after Dubai's debt bust-up of the past few years but banks, regulators and ratings agencies are taking few chances as the Arabian Gulf starts to load up again on cheap credit.
With the UAE's bill for bad debts from the last crisis currently sitting at Dh61.7 billion (US$16.79bn) and rising, according to Central Bank data, the financial industry is beefing up its early-warning systems to prevent a repeat of the costs forced on the local economy following Dubai World's $25bn restructuring.
The ratings agency Standard & Poor's has increased staff in Dubai while financial services headhunters report a growing need for highly trained credit analysts.
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